Registered number
07753291
23-26 Great James Street (Freehold) Limited
Filleted Accounts
31 March 2023
23-26 Great James Street (Freehold) Limited
Registered number: 07753291
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 210,000 210,000
Current assets
Debtors 4 23,339 32,730
Cash at bank and in hand 36,708 28,794
60,047 61,524
Creditors: amounts falling due within one year 5 (29,181) (27,931)
Net current assets 30,866 33,593
Total assets less current liabilities 240,866 243,593
Creditors: amounts falling due after more than one year 6 (210,000) (210,000)
Net assets 30,866 33,593
Capital and reserves
Profit and loss account 30,866 33,593
Shareholders' funds 30,866 33,593
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr S Johnston
Director
Approved by the board on 20 March 2024
23-26 Great James Street (Freehold) Limited
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 April 2022 210,000
At 31 March 2023 210,000
Depreciation
At 31 March 2023 -
Net book value
At 31 March 2023 210,000
At 31 March 2022 210,000
4 Debtors 2023 2022
£ £
Other debtors 23,339 32,730
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 20,797 -
Other creditors 8,384 27,931
29,181 27,931
6 Creditors: amounts falling due after one year 2023 2022
£ £
Other creditors 210,000 210,000
7 Controlling party
The company is limited by guarantee and accordingly has no share capital.
8 Other information
23-26 Great James Street (Freehold) Limited is a private company limited by guarantee and incorporated in England. Its registered office is:
34 Croydon Road
Caterham
Surrey
CR3 6QB
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